Summary:
- Binance has earned a successful registration from New Zealand’s Financial Service Provider.
- The crypto exchange immediately opened an office and hopes to help New Zealanders trade and build their portfolios with peace of mind.
The largest crypto exchange in terms of trade volume and user base, Binance, has announced that it has received a successful registration from New Zealand’s Financial Service Provider. The registration allows Binance to operate in New Zealand and offer several financial services such as spot trading, NFTs, staking, etc.
CZ: New Zealand is Rapidly Growing in the Digital Asset Industry
General Manager Ben Rose will lead the new arm of Binance. Binance CEO CZ expressed optimism about the recent approval and said:
A lot of major tech firms are slow to open a New Zealand office. I guess for some, it’s easy to overlook as it’s a smaller market but we see significant value in having a serious New Zealand presence. The history of fintech innovation in New Zealand is very well known, with one of the earliest and most rapid uptakes of digital transactions in the world.
He added that the uptake of digital transactions in New Zealand was on the rise, and it was only natural to open a new office in the country.
Mr. Rose previously served as Chief Commercial Officer (CCO) of local tech company CodeHQ. He further pointed out that New Zealanders can now enjoy lower trading fees. He said:
© Solana Daily Brief, Inc. All Rights Reserved. This article is for informational purposes only. It is not to be used as legal, tax, investment, financial, or other advice.Having the world’s leading crypto business registered to operate in New Zealand not only means access to the lowest trading fees, it also means Kiwis can expect to have access to many exciting global product and service innovations happening in this space.